The committee urges ministers to ensure that the strategy takes account of the potential economic consequences of Brexit.

Their research recommends that more action should be taken to help smaller Scottish businesses win public contracts. The committee also suggests that the Scottish Government looks at what more could be done to support in-work training and reskilling.

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"The vast majority of Scottish businesses are small or medium sized," said Stuart Mackinnon, external affairs manager for Scotland at business network, the Federation of Small Businesses . “Therefore MSPs are right to argue that their success is vital to Scotland’s national prospects. Similarly, the committee is correct to press ministers on our economic agencies’ preparations for Brexit."

"The committee asks for an update on what work the Scottish Government has done to engage Scottish businesses... including steps to prepare businesses to trade with countries outside the EU, such as USA, China, Japan and India," the committee says in its report.

On procurement and in-work training, Mackinnon added: “MSPs have correctly identified that Scotland needs to get to grips with its in-work training problem. For example, four fifths of Scottish businesses say that digital technologies are vital to their future growth, but only one in three firms say that they’re taking action to improve existing employees’ digital technology skills."

The FSB said Scotland's skills and enterprise agencies had the capacity to give the nation's economy a shot in the arm.

"FSB believes that more could be done to use the Scottish public sector’s multi-billion pound spending power to charge local economies," Mackinnon said.

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The report looks into the performance of Scotland's economy and consulted a wide range of people about which economic policies will best serve Scotland in the next decade.

Other recommendations include colleges and universities encouraging more entrepreneurial thinking and commercialisation and a concerted focus by the Scottish Government on how to scale up small and medium businesses.

"The committee is aware that in Scotland businesses are often being acquired rather than scaled-up," the report states. "If the money is reinvested in the Scottish economy, that can be beneficial. However, it can also result in the loss of entrepreneurial role models and experienced people to manage larger scale businesses based in Scotland."